Overbought and oversold indicator

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Overbought and oversold indicator

Postby Alexander.Gettinger » Fri Aug 10, 2012 2:42 pm

Formula:
Overbought_Oversold=(MA/ATR)*100, where
MA - moving average for (Close-Low) with Length as period,
ATR - average true range with Length as period.

Overbough_Oversold.JPG


Download:
Overbough_Oversold.lua
(3.54 KiB) Downloaded 651 times
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Re: Overbought and oversold indicator

Postby Blackcat2 » Fri Aug 10, 2012 3:21 pm

How to read/interpret this indicator?

What is the overbought and oversold level?

Cheers..
BC
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Re: Overbought and oversold indicator

Postby Jeffreyvnlk » Sun Aug 26, 2012 12:14 pm

Sorry, i can not load that indicator, the message as following:

Image

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Re: Overbought and oversold indicator

Postby Ekaterina » Sun Aug 26, 2012 11:56 pm

Hi Jeffreyvnlk ,

Please load the indicator from the attachment below. That should solve the problem:

Averages.lua
(18.74 KiB) Downloaded 440 times


Best regards,
Ekaterina
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Re: Overbought and oversold indicator

Postby Jeffreyvnlk » Wed Apr 10, 2013 6:49 pm

Appreciated if you could add 2 levels for overbought and oversold.Thanks
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Re: Overbought and oversold indicator

Postby Apprentice » Fri Apr 12, 2013 4:17 am

overbought, oversold levels added.
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Re: Overbought and oversold indicator

Postby Jeffreyvnlk » Thu Apr 25, 2013 3:18 am

If you want to know, this kind of alternative %R
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Re: Overbought and oversold indicator

Postby Apprentice » Fri Apr 26, 2013 10:54 am

Can you explain this post ...
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Re: Overbought and oversold indicator

Postby Jeffreyvnlk » Sun Apr 28, 2013 4:13 pm

Apprentice wrote:Can you explain this post ...


Original Post : OB/OS relating to MVA(Close-Low)/ ATR (H-L)

and

%R ~ (H-C)/ (H-L)

The indicator made in this topic dealing with Low whereas %R High so both sort of same
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Re: Overbought and oversold indicator

Postby Apprentice » Mon Apr 29, 2013 5:16 am

Alex is using this formula it his indicator.
OBOS =100* MA of (close - low) / ATR (Price)
Price is not H-L
Can you once again write forumulu that you want to use.
Is it.
%R ~ (H-C)/ (H-L)
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